Cadence Reports Second Quarter 2017 Financial Results

 

Cadence Design Systems, Inc.

As of July 24, 2017

Impact of Non-GAAP Adjustments on Forward Looking Diluted Net Income Per Share 

(Unaudited)













Three Months Ending


Year Ending



September 30, 2017


December 30, 2017



Forecast


Forecast






Diluted net income per share on a GAAP basis

 $0.24 to $0.26 


 $0.98 to $1.04 







Amortization of acquired intangibles

0.05


0.20


Stock-based compensation expense

0.12


0.46


Non-qualified deferred compensation expenses

-


0.01


Restructuring and other charges (credits)

-


(0.01)


Acquisition and integration-related costs

-


0.01


Other income or expense related to investments and non-qualified 





    deferred compensation plan assets*

-


(0.01)


Income tax effect of non-GAAP adjustments

(0.08)


(0.28)






Diluted net income per share on a non-GAAP basis�nbsp;

 $0.33 to $0.35 


 $1.36 to $1.42 





















Cadence Design Systems, Inc.

As of July 24, 2017

Impact of Non-GAAP Adjustments on Forward Looking Net Income

(Unaudited)













Three Months Ending


Year Ending



September 30, 2017


December 30, 2017

($ in millions)

Forecast


Forecast






Net income on a GAAP basis

 $66 to $72 


 $274 to $291 







Amortization of acquired intangibles

14


56


Stock-based compensation expense

34


129


Non-qualified deferred compensation expenses

-


2


Restructuring and other charges (credits)

-


(3)


Acquisition and integration-related costs

1


3


Other income or expense related to investments and non-qualified 





    deferred compensation plan assets*

-


(2)


Income tax effect of non-GAAP adjustments

(23)


(79)






Net income on a non-GAAP basis�nbsp;

 $92 to $98 


 $380 to $397 


�nbsp; The non-GAAP measures presented in the table above should not be considered a substitute for financial results and measures determined or calculated in accordance with GAAP.


 * Includes, as applicable, equity in losses or income from investments, write-down of investments, gains or losses on sale of investments and gains or losses on non-qualified deferred compensation plan assets recorded in other income or expense. 


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